Business Unit Reports Gas Trading
CASE STUDY: A FIRST IN NEW ZEALAND FOR VECTOR Late last year Vector became the first organisation in New Zealand to submit and gain acceptance of a Safety Case by WorkSafe. Required for all upper-tier Major Hazard Facilities in New Zealand since the Health and Safety at Work Act came into force in April 2016, a Safety Case demonstrates that a Major Hazard Facility’s owner has the ability and means to control major incident hazards effectively. The Safety Case was for our new OnGas Bottle Swap Plant in Papakura, which started operating in August 2017. The plant was officially opened by the Hon. Iain Lees-Galloway, Minister for Workplace Relations and Safety, in February 2018. Preparing the Safety Case required significant input from a wide range of stakeholders over a 12 month period and was a key milestone in ensuring effective health and safety controls were in place for the new plant. The first accepted Safety Case in New Zealand represents a ‘step change’ in the management of facilities where there is significant risk from hazardous substances to workers and possibly the public. It’s only through acceptance of a safety case by the regulator that an operator gains their license to operate. The first Major Hazard Facility to be built under the new Act, the plant at Papakura will join our existing Kapuni Gas Treatment Plant in Vector’s portfolio of Upper Tier Major Hazard Facilities.
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THE NEW ONGAS BOTTLE SWAP PLANT WAS THE FIRST ACCEPTED SAFETY CASE FOR MAJOR HAZARD FACILITIES.
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3.0 % Revenue for the Gas Trading business increased: to This is on the back of higher field production at Kapuni up 11.9% to 9.4PJ, natural gas volumes at 18.3PJ and higher Liquigas, LPG and Bottle Swap volumes.
$290.3 M
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Vector://AR 18
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